Weekly Newsletter 2025 Vol.78

Premia TNC E-Newsletter
Establishing international corporations and managing tax accounting information.
Tackling worldwide challenges and embracing global trends simultaneously!
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💡Weekly E-Newsletter
🔍 Hong Kong | Strategic Commodities Pre-Screening
The Pre-Classification Service by Hong Kong’s Trade and Industry Department (TID) assists traders in determining whether a product qualifies as a strategic commodity under the Import and Export Ordinance (Cap. 60). It provides official classification guidance, including the relevant category number, required technical details for future license applications, and a unique reference number to streamline repeated applications. Each submission must focus on a single product and include specifications, brand, model, origin, and end-use. Typically processed within 2 to 3 weeks, the service reduces documentation redundancy, prevents licensing delays, and serves as proof for non-strategic goods.
🧾 Singapore | Navigating GST Audits with IRAS
IRAS conducts GST audits using a risk-based approach to ensure businesses comply with tax laws, educate taxpayers, and simplify processes. Being selected doesn’t imply wrongdoing. Audits may involve emails, calls, or onsite visits, where businesses must provide transaction records and supporting documents and cooperate fully. Maintaining accurate records and using approved software helps avoid penalties, which can reach 200% of underpaid tax. Most audits conclude within 12 months, and businesses can object to assessments. Voluntary disclosures may reduce penalties. Staying compliant involves knowledgeable staff, strong internal controls, and regular reviews of GST returns.
🗓️ Taiwan | Applying for a Job-Seeking Visa After Employment Gold Card Expiry
If you’re not currently employed in Taiwan and your Employment Gold Card is nearing expiration, you can apply for a 6-month job-seeking ARC online via the Foreign Professionals Online Application Platform or in person at a National Immigration Agency Service Center. Prepare your passport, Employment Gold Card, a recent passport-sized photo, and a NTD1,000 fee. One final 6-month extension may be granted if needed. Alternatively, you can apply for a Gold Card extension up to four months before expiry; the system will reuse your previous documents if regulations haven’t changed, though you must re-enter basic information. Full guidelines are available on the Gold Card official website.
🌐 Vietnam | Establishment of Da Nang Free Trade Zone
The newly approved Da Nang Free Trade Zone spans 1,881 hectares across seven non-contiguous locations in Da Nang, aiming to become a regional hub for economics, logistics, and technology. Designed with modern infrastructure, it integrates production, trade, logistics, digital technology, and high-quality services to support Vietnam’s strategic growth. The zone will connect with Lien Chieu Port, Da Nang International Airport, and the East-West Economic Corridor, fostering global supply chain integration. It includes areas for international-standard trade and services, duty-free business, tourism, education, and healthcare, alongside a high-tech park focused on AI, semiconductors, and digital innovation. Linked to the city’s International Financial Center, the zone is expected to drive economic restructuring and elevate Vietnam’s global competitiveness.
📧 Malaysia | Understanding Self-Billed E-Invoices
A self-billed e-invoice is an invoicing method where the buyer, rather than the supplier, issues the invoice for specific transactions such as payments to agents, foreign suppliers, profit distributions, e-commerce sales, gaming payouts, dealings with non-business individuals, and certain interest payments. This approach streamlines tax reporting by allowing the buyer to generate and validate the invoice via platforms like the MyInvois Portal, which includes a QR code for authenticity. Once validated, the buyer shares the invoice with the supplier, eliminating the need for duplicate invoicing and enhancing administrative efficiency.
💰 Dubai | Bitcoin.com Establishes MENA HQ at Dubai’s DMCC Crypto Centre
Bitcoin.com has launched its first Middle East and North Africa (MENA) office in Dubai, joining the DMCC Crypto Centre to support the region’s growing blockchain ecosystem. This move aligns with Dubai’s emergence as a global Web3 hub, driven by progressive regulations and the Virtual Assets Regulatory Authority (VARA). With over 650 blockchain companies in the DMCC and a supportive environment for innovation, Bitcoin.com aims to leverage Dubai’s dynamic digital economy to accelerate crypto adoption and development across the region.
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<Hong Kong>
Date: Wednesday, July 23, 2025, 4:00 PM – 5:00 PM
Target companies:
Entrepreneurs, investors, professionals, and families looking to relocate or expand to Hong Kong and seeking a simplified, strategic approach to securing the right visa.
Premia TNC July News
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Premia TNC July Holiday Notice
A month to bloom, grow, and celebrate how far we’ve come. The best is yet to come! 🌸🌞
🗞️Writer: Faraaz
🗞️Productor: Julia ⋅ Felice
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PREMIA TNC LIMITED / KORCHINA TNC CPA LIMITED
Founded in 2003, Premia TNC operates in Hong Kong, Singapore, Vietnam, Taiwan, Malaysia, Korea, and Dubai.
We provide consulting and accounting services, including corporate establishment, management, accounting, tax advice, and auditing.
Unit 706, 7/F, Tower 2, South Seas Centre, 75 Mody Rd, Tsim Sha Tsui, Hong Kong
TEL (+852) 6484 3419
[email protected]